On this day

November 10, 1998

Revisit the news, notable people, and historical moments connected to this date.

Historical Context for November 10, 1998

In 1998, the world population was approximately 6,007,066,690 people[†]

Notable Births

1998Karen Villanueva, Mexican rhythmic gymnast[†]

Karen Villanueva is a Mexican rhythmic gymnast.

Notable Deaths

Mary Millar

1998Mary Millar, English actress (born 1936)[†]

Irene Mary Wetton, better known by her stage name Mary Millar, was an English actress and singer best remembered for her role as the second actress to play Rose in the successful BBC sitcom Keeping Up Appearances from 1991 to 1995 and for originating the role of Madame Giry in Andrew Lloyd Webber's musical The Phantom of the Opera.

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Headlines from November 10, 1998

THE MARKETS: Market Place; Lawyers Are Awarded $144 Million From Class-Action Stock Suit

By Diana B. Henriques

Federal District Judge Robert W Sweet awards more than $144 million in fees and $4.4 million in expenses to team of class-action lawyers who negotiated record-breaking $1 billion settlement from 37 Wall Street brokerage firms that lawyers accused of illegally fixing prices on stocks traded on Nasdaq; lawsuit, filed in May 1994, accused brokerage houses of artificially fixing prices on stocks they traded between May 1989 and mid-July 1996 (M)

Business/Financial Desk632 words

Ciba Is Set For a Merger With Clariant

By Claudia H. Deutsch

Ciba Specialty Chemicals and Clariant, two of largest players in rapidly growing specialty chemical industry, are merging in share swap valued at about $7 billion; new company will sport Clariant name but Ciba butterfly logo (M)

Business/Financial Desk671 words

BUSINESS DIGEST

By Unknown Author

Federal Express Pilots Move Closer to a Strike Pilots at Federal Express began refusing to fly overtime and their union mailed strike authorization ballots, increasing the odds that the world's largest air freight service could be crippled during the peak season between Thanksgiving and Christmas.

Business/Financial Desk568 words

FOOTLIGHTS

By Lawrence Van Gelder

American soprano Cheryl Studer is dropped by Munich Opera after director Peter Jonas terms her voice 'not good enough' she sues, saying she was dropped because she does not get along with conductor Zubin Mehta; stained glass from seven US churches will be exhibited at American Bible Society; France's Prix Goncourt goes to Paule Constant for novel Secret for Secret; Dominique Bona gets Prix Renault for book The Port Ebene Manuscript; Robert Benigni's film Life is Beautiful is named official Italian entry for best foreign film at 1999 Academy Awards; photos; 1716 Stradivarius violin valued at $3 million is stolen from home of violinist Luigi Alberto Bianchi's mother in Rome (S)

The Arts/Cultural Desk420 words

City Ends Plan To Speed Up Welfare Aid

By Rachel L. Swarns

New York City Mayor Giuliani administration decides to drop plans, just announced over weekend, to speed up distribution of applications for food stamps and medical assistance to poor; decision comes one day after Jason A Turner, Commissioner of Human Resources Administration, said city would give applications on first day to anyone who set foot in welfare office; Federal officials had said that city appeared to be violating law by delaying applications to discourage needy from applying for welfare; latest move comes as US Agriculture officials begin to investigate city's welfare policies (M)

Metropolitan Desk829 words

Dow Falls 77 Points, Taking a Breather After an 8-Day Run-Up

By Kenneth N. Gilpin

Stocks fall for first time in nine sessions; Dow Jones industrial average drops 77.50 points, or nine-tenths of 1 percent, to 8,897.96; Standard & Poor's 500-stock index falls 10.81 points, or about 1 percent, to 1,130.20; Russell 2000 index of small-cap stocks dips 1.89 points, or five-tenths of 1 percent, to 398.43; Nasdaq composite index gains 4.49 points, or two-tenths of 1 percent, to 1,861.05; graph; chart (M)

Business/Financial Desk1101 words

Muslim Schools in U.S. a Voice for Identity

By Susan Sachs

Islamic schools that offer religion and Arabic classes along with standard academic curriculum are growing and flourishing across United States; many become oversubscribed so quickly that principals are scrambling for money to build more; combination of prayer, discipline and American-style teaching appeals to parents across lines of national origin and background; photos (M)

Metropolitan Desk1966 words

'On the Town,'Retooling Some Dances, Delays Opening

By Jesse McKinley

Joseph Papp Public Theater postpones opening of its troubled big-budget revival of On the Town, cancels two preview performances and brings in seasoned Broadway choreographer, Joey McKneely, to work on several dance numbers; director, George C Wolfe, denies problems (S)

The Arts/Cultural Desk522 words

With Speaker's Job Settled, Fight Shifts to Lesser Posts

By Alison Mitchell

Rep Robert L Livingston locks up votes to become next House Speaker, as Rep Christopher Cox drops his candidacy; Republican jockeying for power shifts intensifies over majority leader's post; Rep Jennifer B Dunn announces candidacy for post, held by Rep Dick Armey, who also faces challenge from Rep Steve Largent; Armey's supporters insist he has race nearly wrapped up; photos (M)

National Desk1278 words